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The Galaxy Digital crypto indexes will deliver novel yet seamless access points to all the stakeholders in the digital assets ecosystem.
The dramatic highs and lows of the crypto industry are attracting investors globally. The technology behind these blockchain mechanisms has continued to draw the interest of both institutional and retail investors. Galaxy Digital Holdings Ltd (TSX: GLXY) has tapped into this growing trend and launched two crypto index families in partnership with the pioneering index provider Alerian and S-Network Global Indexes. The index groups namely Alerian Galaxy Global Blockchain Indexes and Alerian Galaxy Global Cryptocurrency-Focused Blockchain Indexes will have the eight crypto indexes listed under them.
All About These New Crypto Indexes Offered
These 8 new passive indexes work on certain rules and are completely transparent. They consist of Cryptocurrency Miners, Cryptocurrency Buyers, Cryptocurrency Infrastructure Technologies and Blockchain Users. They take into account the entire cryptocurrency and blockchain technology and are therefore completely relevant to the present day. As the indexes are rebalanced monthly and equally weighted, they provide a diversified portfolio to represent the entire crypto ecosystem.
As stated earlier, the principal goal behind launching the indexes is to take advantage of the growing crypto investor base. These indexes will highlight the public companies as well as investment channels that are critical and relevant in the global crypto industry. The continuous growth of index-based investing has made the evolution of new asset classes possible thus meeting the ever-increasing demand from investors. These indexes will deliver novel yet seamless access points to all the stakeholders in the ecosystem thus providing the interested parties with greater investment prospects across the digital asset industry.
About Galaxy Digital and Alerian
Galaxy Digital covers a wide array of financial services ranging from investing, capital markets, portfolio management, asset management and technology across the digital asset ecosystem that includes both crypto and blockchain technologies. The company has its headquarters in New York with branches in eight different cities. The company is an industry leader in providing innovation and connectivity with respect to this growing asset class. As of July end, it had a total of $1.6B in assets. With continuous enhancement of capabilities, it plans to expose its customer base to every investment channel available in this crypto ecosystem.
Alerian took over S-Network Global Indexes in 2020 and now as an entity, the company provides leading index-based offerings and services to the global investor base. It is known in the industry as a leading independent index provider that helps its customers with superior investment strategies based on innovative and significant indexes. Comprising different types of indexes based on energy, income and themes, the firm offers benchmarking and calculation services as well. Alerian boasts of almost $23 billion in total assets and serves 200 customers across the world
As per an analysis done by Gartner, blockchain is here to stay and will grow at a fast pace, reaching $176 billion by 2025 and $3.1 trillion by 2030. Surely, the global investment community is going to draw huge benefits with the help of these innovative indexes as they will enable them to take industry-relevant decisions.